How do I start a Circle K franchise?
If you seek to start a franchise under Circle K, the process involves being granted a license through one of its subsidiaries, TMC Franchise Corporation. This license will be an agreement for the right to operate a convenience store under the brand name.
Who owns Circle K?
^ "Convenience Retail Asia to sell 340 Circle K stores to Alimentation Couche-Tard – the owner of the Circle K brand" (PDF). Convenience Retail Asia.
What do you have to sell at Circle K convenience stores?
The franchisor requires franchisees to offer and sell at their convenience store only those products and services specified or approved, which will include those products and services generally offered at Circle K stores. Franchisees must offer for sale all products and services designated as required for all franchisees.
Is Couche-Tard the same as Circle K?
In September 2015, Couche-Tard announced that Circle K would become the worldwide brand of all of its convenience stores, replacing Mac's, Kangaroo Express, and Statoil brands (except the Couche-Tard brand in Quebec and the INGO brand in Europe).
Who owns Circle K?
What is franchise investment?
What is franchise fee?
How long is a franchise agreement?
Do franchisors have in-house financing?
See 2 more
About this website
Are Circle K stores franchised?
Overview. Since the 1980s, Circle K has been the largest chain of company-owned and operated (non-franchised) convenience stores in the United States.
Are Circle K stores independently owned?
History of Circle K Stores Circle K Stores are owned by Alimentation Couche-Tard, the largest convenience store operator in Canada. Circle K's success in the convenience retailing industry spans more than 60 years.
Is Circle K a corporate or franchise?
International Franchise Circle K has a rich history of franchising outside of the U.S. & Canada, and plans to grow with strongly capitalized, established operators.
Who owns the Circle K franchise?
Alimentation Couche‑T...Convenien... Retail AsiaCircle K/Parent organizations
How much does a Circle K franchise cost?
The franchise fee for Circle K is $25,000. The total investment to open and operate a Circle K franchise ranges from $171,000 to $1.9 million. A royalty fee of 4.5% of gross sales is paid to the company (franchisees who forgo funding from the company will pay a royalty fee of 3.7% of gross sales.
How much money does a Circle K franchise make?
Number of units: Circle K has a total of 5,997 units within the mainland U.S., 648 of which are currently franchised. Average Gross Revenue Per Store: $15,195,997,518 (System-wide sales) ÷ 5,997 units = $2,533,933.
What does Circle K stand for?
OK Kosher Certification, a "k" in a circle, found in kosher food packaging. Kosher certification agency symbol, a mark on foods indicating kosher status from a certification agency.
How much is it for a Starbucks franchise?
Initial Start-Up Funding The average cost to license a Starbucks store is $315,000. You'll also need $700,000 in liquid assets to be considered.
Why do Indians own gas stations?
They come from a clan based society. Two generations ago, a few families immigrated to the US. They worked hard, and built a life. As more members of the extended clan immigrated, the established families would help them by pooling money to buy small business'.
How do you become a vendor for Circle K?
Here are the 6 steps you need to take to have your product placed in Circle K.Start with the right questions.) ... Be prepared to profit.) ... Determine if Circle K is the right store for your product.) ... Pitch your product to Circle K.) ... Complete the required Circle K paperwork.) ... Anticipate the need for increased volume.)
Who is Circle K's biggest competitor?
Top Competitors of Circle KEdward D Jones & Co. LP. 50,000. $12 Billion.Walgreens Co. 190,000. $135 Billion.State Farm Mutual Automobile I... 53,586. $82 Billion.Wawa. 38,000. $11 Billion.QuikTrip. 22,056. $10 Billion.Casey's General Stores Inc. 20,451. $9 Billion.
What does the K stand for in Circle K?
The letter K comes from Kay Misenheimer, which founded Kays in Texas 1951. When the company grew over the years, the name and logo evaolved to what we now know as Circle K.
Why do Indians own gas stations?
They come from a clan based society. Two generations ago, a few families immigrated to the US. They worked hard, and built a life. As more members of the extended clan immigrated, the established families would help them by pooling money to buy small business'.
Where is Circle K's headquarters?
Tempe, AZCircle K / Headquarters
Circle K Franchise Opportunities | How to Open a Circle K Store
It is a well-established chain of stores that is international in size and it also has been around a long-time – since 1951. The company owns thousands of stores, and then began franchising them in 1999.
International Franchising | Circle K Franchise
International Presence. Circle K International launched in 1979. As a globally recognized brand, Circle K has a rich history of franchising outside of the U.S. and Canada.
Circle K Stores’s Competitors, Revenue, Number of Employees, Funding ...
Circle K Stores’s Profile, Revenue and Employees. Circle K is an Arizona-based holding company that owns and operates a chain of convenience stores. Primary competitors include ampm, 7-Eleven, Stewart's Shops and 7 more.
Circle K Stores | Jobs, Benefits, Business Model, Founding Story
info: Brian Hannasch (“Hannasch”) has served as President and Chief Executive Officer at Alimentation Couche-Tard since September 2014. Since Alimentation Couche-Tard’s oversees the operations of Circle K, Hannasch is responsible for overseeing and implementing the overall strategic direction and growth strategies of Circle K. Hannasch began his career in 1998, when he joined Amoco.
Who owns Circle K?
The company began franchising in 1999. Now owned by parent company Alimentation Couche-Tard, Circle K franchises can be found in more than 20 states, as well as more than 10 other countries.
What is franchise investment?
Definition: The total amount necessary to begin operation of the franchise. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
How long is a franchise agreement?
10 years. Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
How many Circle K franchises are there in Hong Kong?
Circle K had 387 franchised locations throughout Hong Kong as of May 2020. The Circle K brand entered the Canadian market in 2008, in connection with Couche-Tard's acquisition of Irving Oil 's convenience store network.
Who owns Circle K?
Circle K Stores, Inc. (stylized as Circle Ⓚ) is an international chain of convenience stores, owned by the Canadian multinational Alimentation Couche-Tard. Founded in 1951 in El Paso, Texas, the company filed for bankruptcy protection in 1990 and went through several owners, before being acquired by Alimentation Couche-Tard in 2003.
What is Circle K?
In September 2015, Couche-Tard announced that Circle K would become the worldwide brand of all of its convenience stores, replacing Mac's, Kangaroo Express, and Statoil brands (except the Couche-Tard brand in Quebec and the INGO brand in Europe).
What size are fountain drinks at Circle K?
Fountain drinks at Circle K are sold in Polar Pop cups, previously called Thirst Busters, are available in expanded polystyrene cups. In areas where polystyrene containers are illegal, plastic cups are offered. The 52-ounce cups are plastic. Most American locations offer any size, 32 ounce or under for under one American dollar. 52-ounce or above cups are priced at over a dollar. The price point of its 44 ounce size (marketed as "Epic XL" in some regions) may vary, as it may be under or over $1, depending on region.
How many states does Circle K have?
Within the United States, Circle K owns and operates stores in 48 states, with the largest concentration of stores found in Arizona, California, Colorado, Florida, Georgia, Illinois, Louisiana, North Carolina, Ohio, South Carolina, and Texas.
How many Circle K stores are there in 2020?
As of February 2020, Circle K has 9,799 stores in North America (primarily in the United States and Canada), 2,697 stores in Europe, and an additional 2,380 stores operating under franchise agreements worldwide.
What brands of fuel are sold at Circle K?
Other brands of fuel sold at Circle K stores include Valero, BP, Exxon, Marathon, Irving, Mobil, and Phillips 66. Approximately 13% of stores worldwide do not sell gasoline.
Who owns Circle K?
The company began franchising in 1999. Now owned by parent company Alimentation Couche-Tard, Circle K franchises can be found in more than 20 states, as well as more than 10 other countries.
What is franchise investment?
Definition: The total amount necessary to begin operation of the franchise. What you need to know: The initial investment includes the franchise fee, along with other startup expenses such as real estate, equipment, supplies, business licenses, and working capital.
What is franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor.
How long is a franchise agreement?
10 years. Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
